Your Company uses a standard cost system. The labor standard is 10 units per 8-hour day at a standard cost of $15 per hour. Last month employees worked 1,920 hours and produced 2,500 units. The total labor cost during this period was $29,184. What was the labor efficiency (Q) variance for this last pay period?

Carlon, Inc. uses a job-order costing system and applies overhead based on direct labor dollars. Job 316 was started in July and incurred the following costs in July: Direct materials $950 Direct labor $1,050 Applied overhead $1,260 The job was completed in August with an additional $2,100 in direct material cost and $1,400 in additional direct labor cost. What was the total cost of Job 316 at the end of August?

Pedregon Corporation has provided the following information:

If 4,500 units are sold, the total variable cost is closest to:

Multiple Choice

• $68,625

• $52,425

• $61,200

• $48,600

Senior Company owns 100 percent of the outstanding shares of Junior. During the current year, Senior sold inventory costing $90,000 to Junior for $100,000. Junior has resold all of this merchandise to outside parties by the last day of the year. For the year, Senior reported cost of goods sold of $600,000 and Junior reported cost of goods sold of $500,000. What is the total amount reported on the consolidated income statement for cost of goods sold?

a small nation has three gasoline suppliers with a linear monthly market demand equal to Q=500,000 -5p. Each firm's marginal cost (MC) and average total cost (ATC) curves are horizontal at $10,000 per month. What is the If the firms compete how much do each of the firms earn in profit?

Assume that a company produces baby blankets. Direct material standards for the blanket are that each will use 2 yards of material at a cost of $7.95 per yard. Last month the company produced 6000 blankets, using 13,500 yards of materials at a total cost of $97.875.

Find the amount of the spending, price, and quantity variances for materials.

Amazon

Intel

Walmart

Select one of the above companies and tell me what kind of cost structure you think it has (how much of their total costs are fixed and how much are variable)? What impact does that cost structure have on the way this company may try to weather the current economic conditions?

Microeconomics:

If a company switches full-time workers to part-time involuntarily, how will that affect the company's marginal product of labor? How will it affect their total cost of production and marginal cost of production? How does it related to Efficient Scale and Profit Maximization? Overall, do you think this would be a good policy for a company?

a) Use the data in the table and calculate the average costs and the marginal cost

b) Discuss the relationship between ATC and MC. Also draw a graph showing both curves.

Ridgeland Inc. makes backpacks for large sporting goods chains that are sold under the customers' store brand names. The Accounting Department has identified the following overhead costs and cost drivers for next year: